As you are aware, there are many obligations and responsibilities when operating as a credit representative.
Responsibilities and Process
Writing your own loan (and loans for immediate family members) is permitted at Connective, however, you will need to seek approval from our Compliance team.
If you intend on writing your own loan or a loan for immediate family member, send an email to [email protected] with the information below. We will then seek the necessary approval for you.
What information do we need:
Is the loan in your own name, or joint, or in a company entity that you operate?
If this loan is for an immediate family member please provide the relationship.
Proposed lender
Proposed amount
Security
LVR
Has this been discussed with the proposed lender BDM (just to ensure that they are ok with this)
Once all this information is received, a decision will be made by our Senior Compliance Support Managers and you will be informed accordingly.